Capital Wealth Planning LLC Boosts Stock Position in T-Mobile US, Inc. $TMUS

Capital Wealth Planning LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 282.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,169 shares of the Wireless communications provider’s stock after buying an additional 18,588 shares during the period. Capital Wealth Planning LLC’s holdings in T-Mobile US were worth $6,025,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TMUS. Vanguard Group Inc. grew its stake in shares of T-Mobile US by 1.5% in the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after acquiring an additional 636,192 shares during the last quarter. State Street Corp increased its holdings in shares of T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after acquiring an additional 994,740 shares in the last quarter. Capital International Investors raised its position in shares of T-Mobile US by 5.5% in the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after purchasing an additional 711,278 shares during the last quarter. Invesco Ltd. raised its position in shares of T-Mobile US by 6.1% in the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after purchasing an additional 453,096 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in T-Mobile US by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after purchasing an additional 309,922 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $217.39 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market cap of $239.53 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. The business has a 50-day simple moving average of $204.16 and a two-hundred day simple moving average of $214.76. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60.

Insider Transactions at T-Mobile US

In related news, Director G Michael Sievert sold 1,089 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total transaction of $241,594.65. Following the transaction, the director owned 125,696 shares in the company, valued at $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 694,134 shares of company stock valued at $150,847,799. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TMUS shares. Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Oppenheimer cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.